Foreign direct investment is mainly refers to foreign securities investments that do not involve management control.
Answer the following statement true (T) or false (F)
False
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Pollution permit policies achieve an ________ outcome because ________.
A. efficient; firms that have the highest cost of reducing pollution will have the greatest incentive to purchase permits. B. efficient; firms that have the lowest cost of reducing pollution will be able to pay more for each permit. C. inefficient; wealthier firms can afford to purchase more permits. D. inefficient; the supply of permits is set by the government, and so is perfectly inelastic.
Entrepreneurs tend to have a comparative advantage in
A) arbitrage. B) manipulating market prices. C) stealing other people's ideas. D) selling their products below cost. E) hiring others to act as residual claimants.
Which of the following is true of an increase in quantity supplied of a given good?
a. It is represented by a rightward shift in the supply curve. b. It could result from a technological improvement. c. The price of a key resource used to produce the good may have decreased. d. It is caused by an increase in the price of the good. e. The price of an alternative good has increased.
The principal objective of GATT is to
a. reduce the level of all tariffs b. establish fair prices for all goods traded internationally c. act as the world's police officer to prevent dumping d. prevent the trading of services across nations' borders e. encourage countries to establish quotas